Pennsylvania Horse Racing handle drops by more than 10% in 2019

Pennsylvania Gaming Control Board released the Annual Racetrack Casino Benchmark Report detailing the impact of Pennsylvania casinos on the Commonwealth’s horse racing industry. The report is now available for download from the PGCB’s web site https://gamingcontrolboard.pa.gov.

The report includes and compares information from calendar year 2019.

The taxable handle generated by Pennsylvania’s six race tracks dropped by more than 10.7% in 2019 to around $300 million, the report shows, a decrease of more than $36.1 million from the previous year.

The taxable handle has dropped every year since the reporting began. In 2006, the taxable handle from all tracks was just under $976 million.

That means handle fell by more than two-thirds in 13 years. The taxable handle was cut in half by 2013 when it dropped to $480.6 million.

That’s not unique to PA, the report notes, and is due to a decreasing demand for retail horse betting.